FMC Acquires Environmental Technology Firm

11:21 AM MST | November 21, 2011 | Vincent Valk

FMC has acquired the assets of Adventus Intellectual Property (Mississauga, Ontario), a an environmental technology and services company from investment firms Covington Capital and VentureLink Innovation Fund, the company says. Terms of the deal were not disclosed. Adventus holds patents for bioremidation materials and systems related to chlorinated organic compounds, pesticides, and hazardous metals. Bioremediation is a process by which contaminants, including toxic chemicals, are removed from water and soil. "Adventus presents an exceptional...